Overview
What is Influence1 Foundation Inc?
Influence1 Foundation Inc, located in Memphis, Tennessee, is a renowned nonprofit organization with a focus on educational enrichment, community development, and economic empowerment. They run three chartered college prep schools, offering students a solid educational foundation. Beyond education, the foundation supports various initiatives, such as scholarships, a joint agency collaborative, an urban gallery, and the Memphis Starts With Me community programs. These initiatives aim to foster community growth and economic development, ultimately providing the resources and services needed to sustain these crucial aspects of society.
Official website here: www.influence1.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91% (Four-Star out of Four Star rating)
The Influence1 Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial management. The organization scored 91% in the Accountability & Finance category, showcasing a well-structured governance framework with 100% independent board members and a robust audit and oversight committee. These factors contribute to enhanced trust and transparency in the organization's operations.
Strengths highlighted in the rating include the foundation's effective conflict of interest and whistleblower policies, solid financial statements, and compliance with document retention practices. The organization also demonstrates good financial health with a liabilities to assets ratio of 42.82%, indicating a balanced financial position. The substantial majority of funds are directed towards program expenses, further emphasizing its commitment to mission-driven initiatives.
However, while the program expense ratio stands at 62.42%, it suggests room for improvement in allocating resources towards direct program services. Overall, the Influence1 Foundation Inc exemplifies strong governance and financial practices, making it a reliable choice for donors seeking to support nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Influence1 Foundation Inc legitimate?
Influence1 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Influence1 Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $349,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,444,323
For more financial information, click here
Official website here: www.influence1.org
What is the mission statement of Influence1 Foundation Inc?
The Influence1 Foundation Inc's mission revolves around sustaining educational enrichment, community development, and economic empowerment. To accomplish this, the foundation provides its service communities with relevant resources and services. The organization operates three chartered college prep schools, manages scholarships, and is involved in various collaborative initiatives like the 38106 Joint Agency Collaborative. In addition, the foundation runs programs such as 1Urban Gallery and the Memphis Starts With Me Community Programs, aiming to contribute positively to its communities in multiple ways.
Official website here: www.influence1.org
Who is the CEO of Influence1 Foundation Inc?
R Lemoyne Robinson is the Board Member of Influence1 Foundation Inc. The CEO's salary of Influence1 Foundation Inc is $203,477 and their total compensation is $223,807.
Official website here: www.influence1.org
What is the revenue of Influence1 Foundation Inc?
Influence1 Foundation Inc's revenue in 2023 was $4,500,597.
Official website here: www.influence1.org
Who are the executives of Influence1 Foundation Inc and what are their salaries?
The average compensation at Influence1 Foundation Inc during 2023 was $37,247. There are 75 employees and 90 volunteers at Influence1 Foundation Inc.
Here are 8 key members and their salaries (Influence1 Foundation Inc's CEO's salary is $203,477 and their total compensation is $223,807):
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- Compensation: $203,477
- Related: $0
- Other: $20,330
- Compensation: $130,076
- Related: $0
- Other: $16,532
Official website here: www.influence1.org
Where can I find the form 990 for Influence1 Foundation Inc?
Influence1 Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.influence1.org
Learn more at the official website: www.influence1.org
Mission Statement of Influence1 Foundation Inc
Influence1 Foundation Inc is dedicated to supporting its service communities in their pursuit of educational enrichment, community development, and economic empowerment. The organization fulfills this mission by providing resources and services that are tailored to these objectives. By operating three chartered college prep schools, Influence1 Foundation Inc contributes to the educational enrichment of its beneficiaries. Beyond education, the foundation also provides scholarships, further extending its support for educational opportunities.
In addition to education, Influence1 Foundation Inc is involved in community development initiatives. The 38106 Joint Agency Collaborative is one such initiative, aiming to foster collaboration between various community agencies to address common challenges and improve community well-being. Furthermore, the foundation operates The 1Urban Gallery, a platform that showcases local artists and contributes to the cultural enrichment of the community.
Economic empowerment is another key focus of Influence1 Foundation Inc. Through its Memphis Starts with Me Community Programs, the foundation provides resources and support to empower individuals and communities economically. By offering a wide range of services and initiatives, Influence1 Foundation Inc is committed to contributing to the sustainable development and growth of its service communities.
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Impact
July, 2024
Influence1 Foundation Inc has a significant impact on sustaining educational enrichment, community development, and economic empowerment in Memphis, TN. Through its operation of three chartered college prep schools, scholarships, the 38106 Joint Agency Collaborative, 1Urban Gallery, and the Memphis Starts with Me community programs, the foundation is actively working towards providing resources and services to support the service communities in these areas. The foundation's dedication to education is evident through its various programs and initiatives, ultimately contributing to the overall growth and development of the community.
This information is meant to be a general summary of Influence1 Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,670
- Program Service Revenue: $3,255,372
- Gross Receipts: $4,500,597
Assets and Liabilities:
- Total Assets: $5,755,109
- Total Liabilities: $2,464,435
- Net Assets: $3,290,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCS PER-PUPIL ALLOCATI
Revenue
$3,194,981
STUDENT SERVICE REVENU
Revenue
$60,391
Organization Details
Founding Year
2002
Phone
(901) 526-1944Principal Officer
R Lemoyne Robinson
Main Address
665 MADISON AVENUE, MEMPHIS, TN, 38103
Website
www.influence1.orgNTEE Category
Code: B19 - Education
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